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ADD ADDITIONAL PROVISIONS IF THERE ARE MORE THAN TWO TERM BONDS] <br /> <br />[Bonds maturing on ________ 1, 20____ and 20____ (the “Term Bonds”) shall be <br />subject to mandatory redemption prior to maturity pursuant to the sinking fund requirements of <br />this paragraph at a redemption price equal to the stated principal amount thereof plus interest <br />accrued thereon to the redemption date, without premium. The Registrar shall select for <br />redemption, by lot or other manner deemed fair, on ________ 1 in each of the following years <br />the following stated principal amounts of such Bonds: <br />Term Bonds Maturing ________ 1, 20__ <br />Year Principal Amount <br /> <br /> <br /> <br /> <br /> <br />The remaining $_______________ stated principal amount of such Bonds shall be paid at <br />maturity on ________ 1, 20____. <br />Term Bonds Maturing ________ 1, 20__ <br />Year Principal Amount <br /> <br /> <br /> <br /> <br /> <br />The remaining $_______________ stated principal amount of such Bonds shall be paid at <br />maturity on ________ 1, 20____. <br />Notice of redemption shall be given in accordance with the preceding paragraph.] <br />As provided in the Resolution and subject to certain limitations set forth therein, this <br />Bond is transferable upon the books of the City at the principal office of the Registrar, by the <br />registered owner hereof in person or by the owner's attorney duly authorized in writing upon <br />surrender hereof together with a written instrument of transfer satisfactory to the Registrar, duly <br />executed by the registered owner or the owner's attorney, and may also be surrendered in <br />exchange for Bonds of other authorized denominations. Upon such transfer or exchange the City <br />will cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of <br />the same aggregate principal amount, bearing interest at the same rate and maturing on the same <br />date, subject to reimbursement for any tax, fee or governmental charge required to be paid with <br />respect to such transfer or exchange. <br /> <br />The Bonds have been designated by the City as “qualified tax-exempt obligations” <br />pursuant to Section 265(b) of the Internal Revenue Code of 1986. <br />The City and the Registrar may deem and treat the person in whose name this Bond is <br />registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of <br />84